Covering Louisiana

Dec 27, 2010 12:31 PM by Posted by Sharlee Barriere

Many Questions for Louisiana Economy in 2011

NEW ORLEANS (AP) - Uncertain could be the perfect word to
describe Louisiana's economy entering the new year.
The state took a wild ride in 2010 with major successes - such as nabbing a major steel plant - and chilling setbacks, including a sharp slowdown in petroleum activity after the Gulf of Mexico oil spill, the shutdown of NASA's space shuttle program and the planned closure of a shipyard that is Louisiana's largest industrial employer.
A group of university economists, in an annual projection of employment for the upcoming two years, predicted the state will add 3,100 jobs in 2011 and 7,500 jobs in 2012, for yearly growth rates of 0.2 percent and 0.4 percent.

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